# Carney Management Company, INC. 401(k) Plan
Source: https://planprovider.pro/companies/carney-management-company-inc-401k-plan

> Carney Management Company, INC.'s 401(k) plan: 329 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Carney Management Company, INC.

- **Sponsor EIN:** 042901650

- **Sponsor Address:** 1626 WORCESTER ROAD, FRAMINGHAM, MA, 01702

- **Plan Type:** 401(k)

- **Total Participants:** 329

- **Total Assets:** $27.0M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|329|$27.0M|$0|$2.0M|

| 2023|327|$25.6M|$0|$2.0M|

| 2022|313|$23.1M|$0|$1.9M|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| MERRILL LYNCH PIERCE FENNER & SMITH|INVESTMENT ADVISOR|$40,188|—|$40,188|

| ADP, INC.|RECORD KEEPER|$23,426|—|$23,426|

| WITHUMSMITHBROWN, PC|ACCOUNTANT|$8,840|—|$8,840|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [ADP, INC.](https://planprovider.pro/provider/adp-retirement-services) — RECORD KEEPER

- [WITHUMSMITHBROWN, PC](https://planprovider.pro/provider/withumsmithbrown-pc) — ACCOUNTANT

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $72,454

- **Estimated Expense Ratio:** 0.269% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$72,454|$40,188|—|—|—|

| 2023|$51,498|$38,448|—|—|—|

| 2022|$45,819|—|—|—|—|

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